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The input-output matrix for a simplified economy with just three sectors (natural resources, manufacturing, and trade and services) is given below. Natural Resources Manufacturing Trade and Services Natural Resources 0.1045 0.0427 0.0029 Manufacturing 0.0826 0.1087 0.0585 Trade and Services 0.0867 0.1019 0.2031 Suppose the demand (in millions of dollars) matrix is the matrix D, shown below. Find the amount each sector should produce. 451 D= 299 125 Production levels of units from natural resources, units from manufacturing, and units from trade and services are needed. (Round to the nearest whole number as needed.)

The input-output matrix for a simplified economy with just three sectors (natural resources, manufacturing, and trade and services) is given below. Natural Resources Manufacturing Trade and Services Natural Resources 0.1045 0.0427 0.0029 Manufacturing 0.0826 0.1087 0.0585 Trade and Services 0.0867 0.1019 0.2031 Suppose the demand (in millions of dollars) matrix is the matrix D, shown below. Find the amount each sector should produce. 451 D= 299 125 Production levels of units from natural resources, units from manufacturing, and units from trade and services are needed. (Round to the nearest whole number as needed.)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The input-output matrix for a simplified economy with just three sectors (natural resources, manufacturing, and trade and services) is given below. Natural Resources Manufacturing Trade and Services Natural Resources 0.1045 0.0427 0.0029 Manufacturing 0.0826 0.1087 0.0585 Trade and Services 0.0867 0.1019 0.2031 Suppose the demand (in millions of dollars) matrix is the matrix D, shown below. Find the amount each sector should produce. 451 D= 299 125 Production levels of units from natural resources, units from manufacturing, and units from trade and services are needed. (Round to the nearest whole number as needed.)
Transcribed Image Text:The input-output matrix for a simplified economy with just three sectors (natural resources, manufacturing, and trade and services) is given below. Natural Resources Manufacturing Trade and Services Natural Resources 0.1045 0.0427 0.0029 Manufacturing 0.0826 0.1087 0.0585 Trade and Services 0.0867 0.1019 0.2031 Suppose the demand (in millions of dollars) matrix is the matrix D, shown below. Find the amount each sector should produce. 451 D= 299 125 Production levels of units from natural resources, units from manufacturing, and units from trade and services are needed. (Round to the nearest whole number as needed.)
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